The 5 best forex trading apps in Singapore revealed. We have explored and tested several prominent trading apps for forex trading in Singapore to identify the 5 best.
This is a complete guide to the 5 best forex trading apps in Singapore.
In this in-depth guide you’ll learn:
- ✅ What is the purpose of a Forex trading app
- ✅ What are the 5 best Forex trading apps for traders in Singapore
- ✅ How to choose the best Forex trading app in Singapore
- ✅ Who are the best Forex brokers in Singapore?
- ✅ The benefits of trading on a Forex mobile trading app
and much, MUCH more!
10 Best Forex Trading Apps in Singapore – a Comparison
🔍 Broker | 🫴🏻 Offer Forex Trading Apps | 🫰🏻 Best for |
🥇 Alpari | ✅ Yes | MetaTrader 4 |
🥈 AvaTrade | ✅ Yes | MetaTrader 5 |
🥉 eToro | ✅ Yes | Beginners |
🏅 Oanda | ✅ Yes | Low Minimum Deposit |
🎖️ XM | ✅ Yes | ECN |
🥇 Tickmill | ✅ Yes | Islamic Account |
🥈 Exness | ✅ Yes | Trading App |
🥉 FxPro | ✅ Yes | Rebates |
🏅 Pepperstone | ✅ Yes | Low Spread |
🎖️ IG | ✅ Yes | Nasdaq 100 |
10 Best Forex Trading Apps in Singapore (2024)
- ☑️ Alpari – The Best MetaTrader 4 Forex Broker in Singapore
- ☑️ AvaTrade – The Best MetaTrader5 Forex Broker
- ☑️ eToro – The Best Forex Broker for Beginners
- ☑️ Oanda – The Best Low-Minimum Deposit
- ☑️ XM – The Best ECN Forex Broker
- ☑️ Tickmill – The Best Islamic / Swap-Free Forex Broker
- ☑️ Exness – The Best Trading App For Traders
- ☑️ FxPro – The Best Forex Rebates Broker
- ☑️ Pepperstone – The Best Lowest Spread Forex Broker
- ☑️ IG – The Best Nasdaq 100 Forex Broker
What is a Forex trading app?
“Forex trading app” is a catch-all word for any kind of mobile app that facilitates currency trading on the Forex market or gives traders access to helpful data for better trading decisions.
The 5 Best Forex Trading Apps in Singapore
Below, we have listed the 5 best Forex trading apps in Singapore that offer a wealth of features, great tools, and fast responsive interfaces.
Exness Trade app
Overview
The Exness Trade App offers a seamless and user-friendly platform for navigating the financial markets. With a focus on localization, it provides a range of features that cater to the unique needs of the Singaporean market.
Traders can access real-time market data, execute trades effortlessly, and stay informed with personalized news and analysis. The app ensures a secure and reliable trading experience, adhering to local regulations. Whether you’re a seasoned investor or a novice trader, the Exness Trade App aims to empower users in Singapore with the tools and insights needed to make informed investment decisions.
🔍Feature | ℹ️ Information |
⌛Regulation | FSA, CBCS, FSC, FSC BVI, FSCA, CySEC, FCA |
💻Social Media Platforms | Instagram YouTube |
➡️MAS Regulation? | None |
🗂️Trading Accounts | Standard Account Standard Cent Account Raw Spread Account Zero Account Pro Account |
📊Trading Platforms | MetaTrader 4 MetaTrader 5 Exness Terminal Exness Trade app |
💵Minimum Deposit in SGD | 13.29 SGD or USD10 |
🛢️Trading Assets | Forex Metals Crypto Energies Indices Stocks |
👉SGD-based Account? | ✅ Yes |
💷SGD Deposits Allowed? | ✅ Yes |
🎁Bonuses for Singaporean traders? | None |
⬇️Minimum spread | From 0.0 pips |
✏️Demo Account | ✅ Yes |
☪️Islamic Account | ✅ Yes |
Pros and Cons Exness Trade App
✅ Pros | ❎ Cons |
Each trader has the freedom to choose the leverage that works best for them in relation to their risk appetite and trading style. | Although Exness is subject to regulation, the level of oversight differs across different jurisdictions. |
With a demo account, traders may practice with virtual money before they risk any of their own. | Some skilled traders may find that the platform's customisable trading tools and capabilities are lacking in comparison to other dedicated platforms. |
When it comes to trading terms, fees, and spreads, Exness is notoriously transparent. | The availability of customer support representatives is round-the-clock, although the speed and quality of their responses could differ. |
You can use Exness to make free deposits and withdrawals. | The UI can be more complicated and confusing than on competing platforms, which could put off some traders. |
Local deposit and withdrawal methods are available to Singaporeans | Traders seeking a more diverse range of investment opportunities might be turned off by the platform's focus on FX and CFDs. |
Exness provides trading automation tools, such as Expert Advisors (EAs), on the MetaTrader platform. | The substantial potential leverage might also increase the risk of substantial losses. |
Various account types denominated in SGD are available from Exness. | The supplied market research and insights are comprehensive, yet they might not be enough for certain traders. |
Different kinds of accounts and platforms allow trading in different markets. | The trial period is 21 days. |
Trust Score
Exness has a trust score of 97%
Can I trade popular Singaporean currency pairs on the Exness app?
Yes, the Exness platform offers a diverse range of currency pairs, including popular ones like SGD/USD and SGD/JPY. Traders in Singapore can engage in these pairs, leveraging the platform’s user-friendly interface and robust trading tools to make informed decisions.
How does Exness support the Singapore Dollar (SGD) transactions on its platform?
Exness provides seamless support for the Singapore Dollar (SGD), allowing traders in Singapore to deposit, withdraw, and trade with ease in their local currency. The platform facilitates transactions through various payment methods, offering convenience and efficiency for users engaging in the forex market from Singapore.
Pepperstone cTrader app
Overview
cTrader, offered by Pepperstone in Singapore, is a cutting-edge trading platform designed for forex and CFD traders. Tailored for both novice and experienced traders, it boasts an intuitive interface, advanced charting tools, and seamless trade execution.
Traders benefit from a user-friendly environment with customizable layouts, comprehensive technical analysis features, and one-click trading capabilities.
The platform’s transparent pricing and lightning-fast order execution enhance the trading experience. With access to a wide range of financial instruments and real-time market data, cTrader empowers Singaporean traders to make informed decisions and execute trades efficiently, contributing to a dynamic and responsive trading environment.
🔍Feature | ℹ️ Information |
⌛Regulation | ASIC, BaFin, CMA, CySEC, DFSA, FCA and SCB |
💻Social Media Platforms | LinkedIn YouTube |
➡️MAS Regulation? | None |
🗂️Trading Accounts | Standard Account Razor Account Professional Account Demo Account Islamic Account |
📊Trading Platforms | MetaTrader 4 MetaTrader 5 cTrader TradingView Myfxbook Duplitrade |
💵Minimum Deposit in SGD | Equivalent to AU$200 |
🛢️Trading Assets | Forex Indices Shares Commodities Cryptocurrencies Futures Options |
👉SGD-based Account? | None |
💷SGD Deposits Allowed? | ✅ Yes |
🎁Bonuses for Singaporean traders? | None |
⬇️Minimum spread | From 0.0 pips |
✏️Demo Account | ✅ Yes |
☪️Islamic Account | ✅ Yes |
Pros and Cons Pepperstone cTrader app
✅ Pros | ❎ Cons |
Pepperstone has a stellar reputation as a reliable broker. | There are no proprietary trading platforms available on Pepperstone. |
Many different deposit and withdrawal methods are available at Pepperstone. | You can choose between just two retail accounts. |
Trust Score
Pepperstone has a high trust score of 95%
Can I access the cTrader app on multiple devices with a single account as a trader in Singapore?
Yes, the cTrader app provided by Pepperstone allows seamless multi-device access. Whether on a desktop, tablet, or mobile phone, traders in Singapore can enjoy synchronized access to their accounts.
What features differentiate the cTrader app from other trading platforms for users in Singapore?
The cTrader app stands out for its intuitive interface, advanced charting tools, and swift trade execution. Tailored for traders in Singapore, it offers a user-friendly experience with customizable layouts, comprehensive technical analysis capabilities, and one-click trading functionality.
HFM App
Overview
The HFM Forex trading app is a cutting-edge platform designed for Forex traders and offering a seamless and intuitive experience. Tailored to the local market, it provides real-time market data, advanced charting tools, and customizable indicators.
HFM emphasizes user-friendly navigation, enabling traders to execute transactions swiftly and efficiently. With a focus on security, the app ensures a safe trading environment. Additionally, it features educational resources catering to Singaporean traders, helping them stay informed about global markets and enhance their trading strategies.
HFM emerges as a comprehensive solution, combining technology, accessibility, and localized insights for a robust Forex trading experience in Singapore.
🔍Feature | ℹ️ Information |
⌛Regulation | FSCA, CySEC, DFSA, FSA, FCA, FSC, CMA |
💻Social Media Platforms | Facebook Telegram YouTube |
➡️MAS Regulation? | None |
🗂️Trading Accounts | Micro Account, Premium Account, HFcopy Account, Zero Spread Account, Auto Account |
📊Trading Platform | MetaTrader 4 and MetaTrader 5 |
💵Minimum Deposit in SGD | 6.65 SGD or $5 |
🛢️Trading Assets | Forex, Precious Metals, Energies, Indices, Shares, Commodities, Cryptocurrencies, Bonds, Stocks DMA, ETFs |
👉SGD-based Account? | None |
💷SGD Deposits Allowed? | None |
🎁Bonuses for Singaporean traders? | ✅ Yes |
⬇️Minimum spread | From 0.0 pips |
✏️Demo Account | ✅ Yes |
☪️Islamic Account | ✅ Yes |
Pros and Cons HFM App
✅ Pros | ❎ Cons |
With a minimum spread of just 0.9 pips, the EUR/USD currency pair offers Singaporean traders a highly competitive offering. | HFM traders have few local deposit and withdrawal options. |
Trust score
HFM has a trust score of 85%
What specific features does the HFM Forex trading app offer to traders in Singapore?
HFM is tailored to the Singapore market, providing real-time SGD currency pair data, local market insights, and a user-friendly interface for seamless transactions. The app includes educational resources focused on Singaporean trading trends, empowering users with the knowledge to navigate global markets effectively.
Does HFM provide specialized analysis and insights for Forex trading in Singapore?
Absolutely. HFM offers in-depth market analysis and insights, specifically tailored for Forex traders in Singapore. The app features real-time updates on local economic indicators, currency pair trends involving SGD, and customizable indicators reflecting the dynamics of the Singaporean Forex market.
FXTM Trader app
Overview
The FXTM Trader app offers a seamless trading experience at your fingertips. Empowering users with advanced tools and real-time market insights, it enables swift execution of trades on a diverse range of currency pairs.
Singaporean traders benefit from localized features, including a user-friendly interface in English, facilitating effortless navigation. The app ensures accessibility to the dynamic Forex market, keeping traders informed with personalized notifications.
With FXTM Trader, Singaporean Forex enthusiasts gain a competitive edge in the global financial arena, making strategic decisions and managing portfolios with ease, anytime and anywhere.
🔍Feature | ℹ️ Information |
⌛Regulation | CySEC, FSCA, FCA, FSC Mauritius |
💻Social Media Platforms | Facebook YouTube Telegram |
➡️MAS Regulation? | None |
🗂️Trading Accounts | Micro Account, Advantage Account, Advantage Plus Account |
📊Trading Platform | MetaTrader 4, MetaTrader 5, FXTM Trader |
💵Minimum Deposit in SGD | 6.65 SGD or $5 |
🛢️Trading Assets | Precious Metals, Stock Trading, Stock CFDs, Indices, Forex Indices, Forex Currency Pairs, Commodities, Stock Baskets |
👉SGD-based Account? | None |
💷SGD Deposits Allowed? | None |
🎁Bonuses for Singaporean traders? | ✅ Yes |
⬇️Minimum spread | From 0.0 pips |
✏️Demo Account | ✅ Yes |
☪️Islamic Account | ✅ Yes |
Pros and Cons FXTM Trader App
✅ Pros | ❎ Cons |
FXTM offers high leverage, a minimal minimum deposit, and a customised copy trading platform. | Weekends and public holidays are not when customer service is available. |
Investors can anticipate transparent pricing in the Forex market and a commission-based structure. | There are costs associated with inactivity. |
FXTM is governed by significant financial regulators in four nations. | CFD costs are not the most affordable. |
$10 is the starting minimum deposit. | The range of products is small. |
Excellent multilingual customer service is offered. | There are withdrawal costs |
Trust Score
FXTM has a high trust score of 93%
How do I deposit funds into my FXTM Trader app account?
- ✅ To deposit funds into your FXTM Trader app account, follow these steps:
- ✅ Log in to the app and navigate to the “Funds” section.
- ✅ Choose the deposit option and select your preferred payment method.
- ✅ Enter the deposit amount and follow the on-screen instructions to complete the transaction.
- ✅ FXTM Trader supports various payment methods, including bank transfers, credit/debit cards, and e-wallets, providing flexibility for users in Singapore.
Can I use the FXTM Trader app on multiple devices simultaneously?
Yes, you can use the FXTM Trader app on multiple devices simultaneously. The app is designed to provide a seamless and synchronized experience across different devices. Simply log in with your account credentials on the desired devices, and your account information, trades, and preferences will be synced automatically.
Tickmill Mobile App
Overview
Tickmill’s trading app empowers Singaporean traders with a seamless and sophisticated platform for navigating the financial markets. The app offers a user-friendly interface, allowing traders in Singapore to execute trades efficiently and stay updated on market trends.
With real-time charts, advanced analysis tools, and instant order execution, Tickmill ensures a comprehensive trading experience. The app also provides access to a diverse range of financial instruments, including forex, commodities, and indices. Traders in Singapore can leverage Tickmill’s cutting-edge technology to make informed decisions and capitalize on opportunities in the dynamic world of trading.
🔍Feature | ℹ️ Information |
⌛Regulation | Seychelles FSA, FCA, CySEC, Labuan FSA, FSCA |
💻Social Media Platforms | Facebook YouTube Telegram |
➡️MAS Regulation? | None |
🗂️Trading Accounts | Pro Account, Classic Account, VIP Account |
📊Trading Platform | MetaTrader 4, MetaTrader 5 |
💵Minimum Deposit in SGD | 6.65 SGD or $5 |
🛢️Trading Assets | Forex, Stock Indices, Energies, Precious Metals, Bonds, Cryptocurrencies |
👉SGD-based Account? | None |
💷SGD Deposits Allowed? | None |
🎁Bonuses for Singaporean traders? | ✅ Yes |
⬇️Minimum spread | From 0.0 pips |
✏️Demo Account | ✅ Yes |
☪️Islamic Account | ✅ Yes |
Pros and Cons Tickmill Mobile App
✅ Pros | ❎ Cons |
Traders in Singapore can use the popular MetaTrader 4 and 5 through Tickmill. | Tickmill does not have a web-based or desktop version of its trading software for traders in Singapore |
With Tickmill, Singaporean traders have access to an infinite number of demos across platforms. | Tickmill has limited third-party tools and resources available at this stage |
Trust Score
Tickmill has a trust score of 82%
Is the Tickmill trading app available for both Android and iOS devices?
Yes, the Tickmill trading app is available for both Android and iOS platforms. You can download the app from the respective app stores—Google Play Store for Android users and the Apple App Store for iOS users.
Can I trade on the Tickmill app using a demo account?
Yes. Tickmill provides users with the option to practice and refine their trading strategies using a demo account within the app.
How to choose the best Forex trading app in Singapore
Singaporean traders must evaluate the following components of a Forex trading app to decide whether the broker is suited to their unique trading objectives and/or needs.
Regulations and Licenses
This is the first important component that traders must thoroughly evaluate. Reputable brokers are regulated by market regulators such as FCA, ASIC, CySEC, FSCA, and others. Singaporean traders must beware when dealing with brokers that only have offshore regulations such as FSA, SVG BVI, FSC, and others.
Account Features
Account Features include leverage trading and margin requirement, commissions and spreads, initial deposit, additional features on retail investor accounts, and so on.
Deposits and Withdrawals
Singaporean traders must evaluate the payment options available, the processing times on withdrawal requests, deposit currencies offered, the withdrawal fee, deposit fees, and minimum withdrawal limits among other trading and non-trading fees.
Range of Markets
The range of markets offered refers to the number and range of tradable instruments that the broker offers. Singaporeaan traders must consider what they wish to trade and what is available.
Customer Support
Customer Support is another crucial factor and Singaporean traders must check the availability of support (trading hours), the quality of support, and the promptness with which the customer support team responds to queries.
Trading Platform
A trading platform is the Singaporean trader’s portal to the financial markets. Traders must ensure that the trading platform has the necessary technical indicators, fundamental analysis, technical analysis, economic calendar, charting, newsfeed, and other tools they may need.
Education and Research
Education and Research come in handy to both novice traders and experienced investors. Education includes some of the following:
- ✅ eBooks
- ✅ Trading guides
- ✅ Trading knowledge on leveraged products
- ✅ A risk warning on complex instruments
- ✅ Educational videos
Research can include some of the following:
- ✅ Trading tools
- ✅ Commentary
- ✅ Status of International Markets
- ✅ Price movements
- ✅ Market sentiments
- ✅ Whether there is a volatile market
- ✅ Exchange Rates
- ✅ Expert opinions and several other resources can help experienced traders make informed trading decisions.
The Best Forex Brokers in Singapore
In this article, we have listed the best brokers that offer Forex trading apps available to Singaporean traders. We have further identified the brokers that offer additional services and solutions to traders in Singapore
Best MetaTrader 4 / MT4 Forex Broker – Alpari
Overall, Alpari is the best MT4 Forex broker in Singapore. Because of its stellar reputation as a trustworthy market maker, Alpari is frequently recommended to investors as a safe alternative. Trading elapsed times at Alpari are guaranteed to be less than one millisecond. More than two million people have signed up for Alpari at this time.
Best MetaTrader 5 / MT5 Forex Broker – AvaTrade
Overall, AvaTrade is the best MT5 Forex broker in Singapore. The fact that AvaTrade is a dependable broker for trading FX and CFDs is well-known. One reason AvaTrade is so well-respected is that it maintains separate client accounts with reputable financial institutions in all applicable jurisdictions.
Best Forex Broker for beginners – eToro
Overall, eToro is the best Forex broker for beginners in Singapore. In addition to the simulated trading accounts, the eToro Plus paid membership plan, and the eToro Academy, there are many other ways that consumers can benefit from utilizing eToro.
Best Low Minimum Deposit Forex Broker – Oanda
Overall, Oanda is the best low-minimum deposit Forex broker for traders in Singapore. Any kind of forex trader can benefit from Oanda’s state-of-the-art trading platform.
Best ECN Forex Broker – XM
Overall, XM is the best ECN forex broker in Singapore. Price, client service, money, and safety are the four XM priorities when selecting an online trading platform.
Best Islamic / Swap-Free Forex Broker – Tickmill
Overall, Tickmill is the best Islamic / Swap-Free forex broker in Singapore. You can rely on Tickmill, as a brokerage, to provide you with honest information. This broker’s reasonable fees, wide number of account types, and reasonable spreads make it a great pick for many types of traders. At this time, Tickmill is available in a wide range of languages and can be utilized in diverse contexts.
Best Forex Trading App – Exness
Overall, Exness offers the best trading app for traders in Singapore. Traders in Singapore can benefit greatly from the Exness Trader app due to its abundance of essential features and capabilities. For new traders, quantitative tools, technical indicators, and candlestick charts can be quite useful.
Best Forex Rebates Broker – FxPro
Overall, FxPro is the Best Forex Rebates Broker in Singapore. Both STP and ECN services are available to customers of the FxPro exchange. Monthly cashback returns on the forex market can reach 30% for retail traders.
Best Lowest Spread Forex Broker – Pepperstone
Overall, Pepperstone is the best lowest spread forex broker in Singapore. Pepperstone offers spreads for buying US dollars versus Euros starting at 0.0 pip. Pepperstone Markets is one of the top brokerages because of their extensive history of success.
Best Nasdaq 100 Forex Broker – IG
Overall, IG is the best Nasdaq 100 forex broker in Singapore. The diverse product offering, cutting-edge trading tools, and favourable market circumstances have propelled IG to the ranks of Singapore’s top 20 platforms. IG is distinguished from the many trustworthy online brokers serving the Singaporean market due to its extensive asset offerings and strict regulatory oversight.
Best Volatility 75 / VIX 75 Forex Broker – IC Markets
Overall, IC Markets is the best Volatility 75 / VIX 75 forex broker in Singapore. The cutting-edge trading tools offered by IC Markets have opened up international financial markets to Singaporean traders.
Best NDD Forex Broker – BDSwiss
Overall, BDSwiss is the best NDD forex broker in Singapore. Among the many global providers and brokers of CFD and forex services, BDSwiss stands out. Every month, it handles up to €20 billion in foreign exchange trading and has more than 16,000 affiliate accounts.
Best STP Forex Broker – Octa
Overall, Octa is the best STP forex broker in Singapore. More than twenty-eight accolades have been bestowed upon Octa. Octa has reduced its trade expenditures by nearly one-third when it uses ECN and STP, or Straight Through Processing.
Best Sign-up Bonus Broker – HFM
Overall, HFM is the best sign up bonus broker in Singapore. Traders choose HFM’s trading platform because of its reasonable prices and excellent quality. Due to its wide variety of account settings and asset markets, the HFM website is user-friendly for users with different degrees of experience in foreign currency trading.
The benefits of using a Forex trading app for traders in Singapore
For traders in Singapore, utilizing a Forex trading app offers a plethora of benefits, enhancing the overall trading experience in the dynamic and fast-paced world of foreign exchange. Firstly, the accessibility provided by these apps is unparalleled.
Traders can engage in real-time market activities anytime, anywhere, directly from their smartphones. This flexibility is particularly advantageous in a global market where currency values can change rapidly, allowing traders in Singapore to seize opportunities and manage their portfolios on the go.
Moreover, Forex trading apps often come equipped with advanced charting tools and technical analysis features.
This empowers traders to make informed decisions, analyse market trends, and execute trades swiftly within the app itself. The convenience of having these analytical tools in the palm of one’s hand contributes significantly to strategic decision-making.
Additionally, security measures embedded in reputable Forex trading apps ensure the protection of sensitive financial information. Trusted encryption protocols and authentication processes provide peace of mind for Singaporean traders, fostering a secure trading environment.
Furthermore, many apps offer seamless integration with various payment methods, allowing for swift deposits and withdrawals. This financial fluidity is crucial for traders in Singapore, providing efficiency in managing their funds and capitalizing on market movements.
In essence, the benefits of using a Forex trading app for traders in Singapore encompass accessibility, advanced analytics, security, and financial efficiency, ultimately empowering them to navigate the global currency markets with confidence and convenience.
In Conclusion
Overall, the top trading apps in Singapore will provide a regulated trading environment, intuitive trading platforms, and a wide selection of investable assets for portfolio diversification.
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Frequently Asked Questions
Is it safe to trade Forex using mobile apps in Singapore?
Yes, reputable Forex trading apps prioritize security by employing advanced encryption and authentication measures to protect your financial data. Always choose apps from trusted brokers to ensure a secure trading environment.
Can I trade multiple currency pairs on a Forex trading app?
Absolutely. Forex trading apps in Singapore typically offer a wide range of currency pairs, including majors, minors, and exotics. Traders can diversify their portfolios by accessing various currency pairs within the app.
Are there any additional fees for using a Forex trading app?
While most Forex trading apps are free to download, be aware of potential fees related to transactions or specific features. Check the terms and conditions of the app and the broker to understand any applicable charges.
How can I deposit and withdraw funds using a Forex trading app in Singapore?
Forex trading apps usually provide various deposit and withdrawal options, such as bank transfers, credit/debit cards, and e-wallets. Navigate to the app’s funding section to choose your preferred method and follow the instructions to manage your funds.
Do Forex trading apps offer demo accounts for practice in Singapore?
Yes, many Forex trading apps offer demo accounts, allowing traders in Singapore to practice and refine their strategies with virtual funds. It’s an excellent way to familiarize yourself with the app’s features and hone your trading skills without risking real money.